According to Stratistics MRC, the Global Air Traffic Control Equipment Market is estimated at $4.4 billion in 2015 and is expected to reach $6.3 billion by 2022 growing at a CAGR of 5.2% from 2015 to 2022. Enhanced aircraft movement, construction of new airport and renovation of the existing ones led by the passenger & freight traffic, and increased capacity are some of the key factors driving the market. However, high cost of air traffic control equipment and government spending cuts are some of the factors hindering the market growth.

Among Applications, commercial aircraft commanded the highest share in the market, and is expected to continue its dominance over the next five years. The growth is due to the rise in air traffic and congestion of civilian airspace, which has necessitated the need for modern air traffic control systems in the commercial sector. Asia Pacific region witnessed the highest growth rate in the market. The growth of the air traffic control equipment market in this region is due to to the growing government spending for infrastructure development, liberalization of regulations related to air transport, and growing GDP of the region.

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